XML 49 R38.htm IDEA: XBRL DOCUMENT v3.24.3
Leases (Tables)
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Schedule of Lease Cost
The Company recognized the following lease costs in the accompanying condensed consolidated statement of income:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
(in thousands)(in thousands)
Operating lease expense$2,752 $1,606 $6,694 $4,454 
Short-term lease expense370 106 795 143 
Variable lease expense357 260 1,125 750 
Total lease expense$3,479 $1,972 $8,614 $5,347 
Schedule of Supplemental Information Related to Operating Leases
The following table presents supplemental information related to operating leases:
September 30, 2024December 31, 2023
Weighted average remaining lease term4.55 years4.51 years
Weighted average discount rate7.0 %6.2 %
Nine Months Ended September 30,
20242023
(in thousands)
Cash paid for amounts included in measurement of lease obligations:
Operating cash flows from operating leases$5,721 $4,129 
Schedule of Future Lease Payments Under Operating Leases As of September 30, 2024, future lease payments under operating leases were as follows:
(in thousands)
2024 (remainder)$2,825 
202511,550
202611,909
202710,827
20289,617
Thereafter6,216
Total future lease payments52,944
Less: imputed interest(7,725)
Total lease liability balance$45,219